Morgan Stanley in Talks with CNBC's Kaminsky For Brokerage Vice Chair Job -Source
By Brett Philbin
Morgan Stanley (MS) is in talks to hire CNBC Capital Markets Editor Gary Kaminsky to be vice chairman of its wealth
management unit, according to a person familiar with the situation.
Mr. Kaminsky, who is an on-air contributor to CNBC television programs including "Squawk Box" and "Squawk on the
Street," would work with financial advisers and their support staff on client development issues in this role, this
With prior experience as a money manager at Neuberger Berman Group LLC and other Wall Street firms, Mr. Kaminsky would
"look for ways to develop and deliver all parts of [Morgan Stanley} to clients," the person said.
Morgan Stanley is the midst of a push to beef up the collaboration between the roughly 16,780 advisers in its
brokerage joint venture, Morgan Stanley Wealth Management, and its investment banking and sales and trading businesses.
The securities firm's chairman and chief executive, James Gorman, has told investors the company has more than 35
initiatives related to such efforts in various stages of execution.
Mr. Kaminsky has worked at CNBC since 2010, previously working on a team that managed $13 billion in client assets at
Neuberger. He also worked as a portfolio manager and partner at Cowen & Company in the mid 1990s, according to CNBC's
CNBC didn't immediately respond to a request for comment.
News of Mr. Kaminsky's potential hire by Morgan Stanley was reported earlier Monday by Fox Business Network.
Write to Brett Philbin at firstname.lastname@example.org
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